3 Bed Bungalow, Refurb/BRRR, Blackpool, FY4 4HG, £140,000

Preston New Road, Blackpool, Lancashire, FY4 4HG - 3 months ago

Refurb/BRRR
ROI: 2%
~93 m²
+2 photos

ValuationOvervalued

Sold Prices£85K - £218.5K
Sold Prices/m²£1.1K/m² - £2.4K/m²

 

 

Square Metres

~93 m²
Price/m²£1.5K/m²

Value Estimate

£135,457

 

 

End Value (After Refurb)

£140,137

Uplift in Value

+0%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£8,200

Refurb Costs

£41,727

Bridging Loan Interest

£3,675

Total Cash In

£90,352

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£140,137

Mortgage (After Refinance)

£105,103

Mortgage LTV

75%

Cash Released

£103

Cash Left In

£90,249

Equity

£35,034

Rent Range

£650 - £975

Rent Estimate

£808

Running Costs/mo

£620

Cashflow/mo

£188

Cashflow/yr

£2,262

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £85K to £218.5K, average is £143.5K. £1.1K/m² to £2.4K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£144K02/210.04 mi68, Preston New Road, Blackpool FY4 4HG3
£110K09/210.06 mi2, Barclay Avenue, Blackpool FY4 4HH3
£160K05/210.06 mi34, Barclay Avenue, Blackpool FY4 4HH3
£85K03/210.06 mi2, Barclay Avenue, Blackpool FY4 4HH3
£139.9K11/220.07 mi20, Ailsa Avenue, Blackpool FY4 4HW3
£176.5K05/210.09 mi40, Briercliffe Avenue, Blackpool FY3 9LY3
£159.9K11/200.09 mi30, Briercliffe Avenue, Blackpool FY3 9LY3
£170K04/230.1 mi47, Patterdale Avenue, Blackpool FY3 9QR3
£137K04/230.11 mi62, Newhouse Road, Blackpool FY4 4JJ3
£128K07/210.11 mi10, Rosemede Avenue, Blackpool FY4 4HP3
£133.5K03/230.11 mi33, Rosemede Avenue, Blackpool FY4 4HP3
£155K01/240.16 mi40, Rosedale Avenue, Blackpool FY4 4HR3
£138K12/230.16 mi10, Rosedale Avenue, Blackpool FY4 4HR3
£125K11/200.16 mi12, Rosedale Avenue, Blackpool FY4 4HR3
£168.9K11/200.19 mi11, Dunmail Avenue, Blackpool FY3 9PQ3
£199.9K02/210.19 mi174, Preston Old Road, Blackpool FY3 9QY3
£142K10/210.2 mi5, Cadby Avenue, Blackpool FY3 9RP3
£165K06/230.2 mi23, Patterdale Avenue, Blackpool FY3 9QT3
£149.9K11/230.2 mi25, Angers Hill Road, Blackpool FY4 4DG3
£88K11/200.21 mi23, Elaine Avenue, Blackpool FY4 4LD3
£144K07/230.22 mi43, Halifax Street, Blackpool FY3 9QH3
£110K02/230.23 mi27, Knaresboro Avenue, Blackpool FY3 9QW3
£143K01/230.23 mi29, Knaresboro Avenue, Blackpool FY3 9QW3
£117.5K03/210.23 mi3, Winton Avenue, Blackpool FY4 4HT3
£100K11/220.23 mi1, Senior Avenue, Blackpool FY4 4LE3
£154K12/230.23 mi13, Angers Hill Road, Blackpool FY4 4EX3
£96K03/230.23 mi25, Sedbergh Avenue, Blackpool FY4 4DQ3
£160K02/230.23 mi46, Weymouth Road, Blackpool FY3 9RW3
£218.5K06/230.24 mi290, Whitegate Drive, Blackpool FY3 9PH3
£124K05/210.25 mi14, Mereland Road, Blackpool FY3 9NF3
£105K07/210.26 mi66, Preston Old Road, Blackpool FY3 9PL3
£155K12/200.26 mi64, Preston Old Road, Blackpool FY3 9PL3
£148K01/210.27 mi23, Royal Avenue, Blackpool FY3 9PS3
£180K07/210.27 mi25, Royal Avenue, Blackpool FY3 9PS3
£157K04/230.27 mi6, Lulworth Avenue, Blackpool FY3 9SN3
£106K06/210.27 mi3, Lulworth Avenue, Blackpool FY3 9SN3
£156K12/220.27 mi74, Penrose Avenue, Blackpool FY4 4JT3
£175K12/220.28 mi23, Royal Avenue, Blackpool FY3 9PS3
£126K11/220.28 mi7, Royal Avenue, Blackpool FY3 9PS3
£117K06/210.28 mi49, St Leonards Road, Blackpool FY3 9RF3
£86K07/210.28 mi31, Dryburgh Avenue, Blackpool FY3 9RH3
£138K04/210.29 mi4, Kirkstall Avenue, Blackpool FY1 6QU3
£149.9K05/210.29 mi9, Kirkstall Avenue, Blackpool FY1 6QU3
£118K03/210.29 mi26, Royal Bank Road, Blackpool FY3 9PW3
£125K11/210.29 mi35, Colwyn Avenue, Blackpool FY4 4EU3
£156.5K04/210.29 mi26, Barmouth Avenue, Blackpool FY3 9SL3
£134K11/200.29 mi25, Barmouth Avenue, Blackpool FY3 9SL3
£179K05/230.29 mi33, Barmouth Avenue, Blackpool FY3 9SL3
£156.5K04/210.29 mi26, Barmouth Avenue, Blackpool FY3 9SL3
£167.5K01/230.29 mi3, Barmouth Avenue, Blackpool FY3 9SL3

Local Rents

17 rents from £650/mo to £975/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£80004/240.09 miPhillip Street, Blackpool, Lancashire, FY43
£85004/240.18 miSedbergh Avenue, Blackpool3
£65004/240.24 miSedburgh Avenue, Blackpool3
£79504/240.31 miSt. Edmunds Road, Blackpool3
£80012/230.39 mi-3
£72504/240.4 miLindsay Avenue, Blackpool3
£89512/240.44 mi-3
£97503/250.44 mi-3
£89505/240.44 miVicarage Lane, Blackpool, FY43
£69505/240.46 mi21 Crossland Road3
£75004/240.52 miCunliffe Road, Blackpool, FY1 6SD3
£80005/240.53 miCunliffe Road, Great Marton, Blackpool, FY13
£70012/240.54 mi-3
£82504/240.55 miBoardman Avenue, Blackpool, FY1 6QE3
£72504/240.57 miAnsdell Road, Blackpool3
£90004/240.59 mi-3
£95004/240.6 miHarris Avenue, FY1 6NJ3

Local Area Statistics

Population in FY4

43,982

Population in Blackpool

133,713

Town centre distance

1.01 miles away

Nearest school

0.30 miles away

Nearest train station

1.16 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+58%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Price changed to £140,000

March 28, 2025

Listed for £149,950

January 30, 2025

Description

  • 3 Bedrooms +
  • Entrance Hall +
  • Lounge +
  • Kitchen +
  • Bathroom +
  • W/C +
  • External +
  • Agents Notes +

* reduced * Presenting a charming semi-detached bungalow on the market for sale. Though requiring some renovation, potential buyers will find value in the spacious layout, which includes three bedrooms, a single reception room, a kitchen, and a bathroom. The property offers a unique garden feature, perfect for outdoor enthusiasts, and a single garage catering to additional storage or parking needs. Situated in an ideal location, the property is conveniently located near public transport links, schools and is a stone's throw away from the M55. This bungalow offers an excellent opportunity for buyers looking to personalise their new home. EPC TO FOLLOW.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

BLA250024/2

Agent Details

Reeds Rains, Blackpool - Highfield Road

01253 835027

Next Steps?

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